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EURUSD

  • #5,281
  • Mar 7, 2008 8:44am Mar 7, 2008 8:44am
If this goes below 1.53, it will break H4 20 sma...
  • #5,282
  • Mar 7, 2008 8:48am Mar 7, 2008 8:48am
Quoting TIckerShuffl
If this goes below 1.53, it will break H4 20 sma...
I see it going to 5265ish today possibly.. unless it just totally bounces here..
USD Est Non Mortuus
  • #5,283
  • Mar 7, 2008 8:51am Mar 7, 2008 8:51am
Soooo

hmmm

This going to bounce back or is it over?

Guess it depends on how much $$$ banks can milk from retail. I'd have to think everyone went long after NFP so great bull trap on EURUSD.
  • #5,284
  • Mar 7, 2008 8:51am Mar 7, 2008 8:51am
Quoting BoredToLoose
Just to relax!
Tomorrow it is a very important day, and unfortunately I am out!

Good pips to all!
It has a LONG Arm!
Waiting to see if price goes to 1.5375/80 again to short again!

http://www.forexfactory.com/attachme...9&d=1204753394
  • #5,285
  • Edited 9:17am Mar 7, 2008 8:56am | Edited 9:17am
Just as impossible the rise has been, the reversal could be equally impossible

I have to do my best to ride out my USDCHF and find the right exit ... I hate this part.

EDIT: USDCHF closed...woot, I needed that bounce - small loss instead of catastrophe.
  • #5,286
  • Mar 7, 2008 8:58am Mar 7, 2008 8:58am
Seems to have found support at 5330 and bouncing up?
  • #5,287
  • Mar 7, 2008 9:48am Mar 7, 2008 9:48am
Anyone else notice how things go opposite to the main trend on Fridays? Is it because large players close their accounts for the weekend? I have seen this many times now and it could provide very good entries on many pairs if used properly. .
  • #5,288
  • Mar 7, 2008 10:00am Mar 7, 2008 10:00am
Quoting MackS10
Anyone else notice how things go opposite to the main trend on Fridays? Is it because large players close their accounts for the weekend? I have seen this many times now and it could provide very good entries on many pairs if used properly. .
Do what?

EURO bursted 40+ pips in 5-10 sec. on the news and ran in the direction of the over all trend.

All the shorts making profit was a total dice roll.
Might as well flip a coin. Because there was absolutely no sell signal.
I took 70 pips on a long trade.

The price met with profit taking, and sell orders near 1.5500.

Now a good place for new longs. Now the sell orders that pushed euro down won't be there next time price tests the area.

Edit: large players don't care about weekend. Only scalpers.
  • #5,289
  • Mar 7, 2008 10:07am Mar 7, 2008 10:07am
Just broke above 1.5350 daily pivot. Yen carries getting tired! Usd/Cad reaching exhaustion. Usd/Chf testing 1.0243 low on the i hr. chart. Eur want to resume trend north? Lots of setups for taking longs at this point.
All that is needed for evil to triumph is for good men to do nothing !!
  • #5,290
  • Mar 7, 2008 10:07am Mar 7, 2008 10:07am
I'm BUYING
On the path to Enrichment.
  • #5,291
  • Mar 7, 2008 10:11am Mar 7, 2008 10:11am
Quoting xxDavidxSxx
Do what?

EURO bursted 40+ pips in 5-10 sec. on the news and ran in the direction of the over all trend.

All the shorts making profit was a total dice roll.
Might as well flip a coin. Because there was absolutely no sell signal.
I took 70 pips on a long trade.

The price met with profit taking, and sell orders near 1.5500.

Now a good place for new longs. Now the sell orders that pushed euro down won't be there next time price tests the area.

Edit: large players don't care about weekend. Only scalpers.
Spoken like a wise man.
  • #5,292
  • Mar 7, 2008 10:12am Mar 7, 2008 10:12am
Quoting BoredToLoose
It has a LONG Arm!
Waiting to see if price goes to 1.5375/80 again to short again!

http://www.forexfactory.com/attachme...9&d=1204753394
This may be a logical resistance now, but who said anything about EU being logical??? lol I am looking for the same thing, though. Hopefully will not get caught in a trap.
  • #5,293
  • Mar 7, 2008 10:20am Mar 7, 2008 10:20am
i think there was a sell signal...nfp on friday + 1000 pip move north without any retracement is a strong sell signal... uptrend still intact thats true...but going long at 1.5444+ wasnt a good idea today....
its just money
  • #5,294
  • Mar 7, 2008 10:26am Mar 7, 2008 10:26am
Usd/Chf heading SOUTH! Eur/Usd anticipated to move towards daily R1 of 1.5428. Selloff way overcooked! Only thing left for me is Usd/Cad strenth to dissipate. RSI-Stoch-MACD all rising! Decent bottom around 1.5330-35.
All that is needed for evil to triumph is for good men to do nothing !!
  • #5,295
  • Mar 7, 2008 10:31am Mar 7, 2008 10:31am
Quoting de123
i think there was a sell signal...nfp on friday + 1000 pip move north without any retracement is a strong sell signal... uptrend still intact thats true...but going long at 1.5444+ wasnt a good idea today....
Your right about not good place for a long at 1.5444 or above. But the dip to pivot is a good long position.

1000 pips with no retrace is not a sell signal. Besides your forgetting that sideways consolidation is the same as a retrace. And we had days of sideways consolidation. And yesterday busted out of the range.(buy signal) then there was volatility today and a dip(another buy singal)

but no sell signals. Call it what you want but.......
  • #5,296
  • Mar 7, 2008 10:32am Mar 7, 2008 10:32am
  • #5,297
  • Mar 7, 2008 10:53am Mar 7, 2008 10:53am
Swissy struggles with 1.0243 barrier as shown clearly on 15 min. chart. Eur/Usd checking strength of 1.5330-35 bottom support and finding it relatively stable. Usd/Cad at ridiculous levels and reality will soon set in, regardless of fundamental pacifiers recieved this a.m.. Friday surely is a test of patience. Common sense will eventually prevail.
All that is needed for evil to triumph is for good men to do nothing !!
  • #5,298
  • Mar 7, 2008 11:11am Mar 7, 2008 11:11am
Yeah something crazy goin' on. That 150+ pip straight line rise on USD/CAD is totally ridiculous aspecialy.. Looks like a tiger backing away before a major jump..
On the path to Enrichment.
  • #5,299
  • Mar 7, 2008 11:40am Mar 7, 2008 11:40am
Exactly Jurrasic! Usd/Cad is simply not going to be able to withstand the selling wave forming to send it considerably lower than the neckline of the clear head and shoulder pattern as per the weekly chart. This weakness, when unleashed, will add even more fuel to the rise in Eur/Usd uptrend. Not that it needes any further imputus, it simply allows accumulation of profits in an accelerated manner. In addition, Usd/Chf has virtually NO BOTTOM in its current freefall. As I said, long term or short, there is going to be a changing of the guard with regards to worldwide currency recognition. These are truly historic times. Even fundamentals (which I never trade) are in strong support of these moves. U.S. has collapsing credit, housing fiasco not witnessed in FIVE DECADES, rising unemployment (regardless of NFP bogus ascertion) and the ongoing fantasy that the Chicago Cubs may compete for an entire 162 game schedule. This entire mess will only accelerate with the Fed doon to shave 50-100 more points off the rate and watch the fireworks when that occurs. The news this a.m. is going to rapidly be priced into the currency pairs and you do not get many gifts in advance as a trader as we are being given now.
All that is needed for evil to triumph is for good men to do nothing !!
  • #5,300
  • Mar 7, 2008 11:50am Mar 7, 2008 11:50am
Quoting ExpatXXXX
Chicago Cubs may compete for an entire 162 game schedule.
ROLF!
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